Freakin Fitness
Growth Stage
The First Built-To-Scale Functional Fitness Franchise
Overview
Raised: $102,150
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/22/2022
Close Date
04/30/2023
Min. Goal
$50,025
Max. Goal
$1,069,950
Min. Investment
$300
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$75.00
Pre-Money Valuation
$6,211,725
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$328
# of Investors
22
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2009
Industry
Fitness & Wellness
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Freakin Fitness, with a valuation of $6.21 million, is raising funds on Wefunder. The company runs and operates alternate gyms and is ready to operate on a national scale through franchising. The business offers functional fitness programs with high-intensity and full-body exercises on a national scale. Freakin Fitness has the largest facilities in the country and doubled its sales from 2016 to 2019 with a fast post-pandemic recovery. Storm Kaufman founded Freakin Fitness in 2009. The current crowdfunding campaign has a minimum target of $50,025 and a maximum target of $1,069,950. The campaign proceeds will be used for opening new locations, franchise operations, social media advertising, and pending patents and operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,039,351 |
$698,334 |
|
COGS |
$29,027 |
$50,648 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$20,115 |
$-41,552 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$235,775 |
$120,413 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$426,425 |
$200,711 |
|
Short-Term Debt |
$64,598 |
$29,846 |
|
Long-Term Debt |
$400,600 |
$154,900 |
|
Total Liabilities |
$465,198 |
$184,746 |
Financials as of: 06/22/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.